Attractions are benefiting from a booming economy and low unemployment, but a high quit rate continues to confound. Is it time to rethink the employment model for attractions? Also, has Disney lost it’s magic?
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The U.S. Economy Is Booming.
- The Fed testified saying that although the rise in COVID cases due to the Delta variant had slowed recovery, the gross domestic product is still on track to grow about 5% in 2021
- Unemployment is also down. With more than 5.5 million new jobs created in ten months, unemployment claims are the lowest they have been since 1969.
- The recovery is not even, though, with jobs harder to find for Black and Brown Americans than for White Americans.
Supply Chains
- In the past three weeks, the number of containers sitting on docks is down 33%—and shipping prices are down 25%. Major retailers Walmart, Target, and Home Depot all say they have plenty of inventory on hand for the holiday season.
COVID Omicron Update
- The highly mutated variant of the coronavirus has reached more than 40 countries and has been detected in 12 U.S. states. According to scientists in South Africa, Omicron appears to spread faster than any other variant, thanks to a combination of contagiousness and an ability to dodge the body’s immune defenses. But the contribution of each factor is not yet certain.
The US Plan To Address COVID
- President Biden laid out a new pandemic strategy aimed at keeping the economy, workplaces and schools open. The plan includes:
- Vaccination sites aimed at families
- A campaign to push for booster shots for all adults
- Testing requirements for international travelers and insurance reimbursement for at-home coronavirus tests.
- A shortened the time frame for international travelers to the U.S. to take and present a negative Covid test to 24 hours from 72 hours.
- There is no testing requirement for flying domestically, although Biden did extend the current mask mandate for people on airplanes, trains and buses, and in terminals and transit hubs, through mid-March.
